Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Medgold options Tlamino to Fortuna Silver Mines

Tuesday, March 7, 2017 6:17
% of readers think this story is Fact. Add your two cents.

Medgold Resources Corp (CVE:MED). has entered into an option agreement with Fortuna Silver Mines Inc (TSE:FVI) under the terms of which Fortuna has the exclusive option to acquire up to 70 per cent in the Tlamino project in southern Serbia.

Fortuna has to spend US$8-million in qualifying expenditures and complete a preliminary economic assessment to secure the option in its entirety.

“We are very pleased with Fortuna’s continued support of our exploration efforts in Serbia,” said Dan James, President of Medgold.

“We will continue to generate projects under our strategic alliance with Fortuna, and will also now commence a more focused exploration campaign at Tlamino under the option agreement. We have a combined budget of CAD$2.5m for 2017 in Serbia, which will allow us to complete a program of ground geophysics and diamond drilling at Tlamino.” 

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.